BETHESDA, MD, Employee Navigator, a leading benefits administration & HR software provider, announced it has completed a $100 million funding round from existing investors JMI Equity and Spectrum Equity.
The minority investment was used in a subsequent $120 million tender offer to provide liquidity to existing shareholders, including early-stage investors of both Employee Navigator and Enrollease, which was acquired by Employee Navigator in 2023.
Employee Navigator is a trusted benefits and HR software company integrated with over 500+ of the nation's leading insurance carriers, payroll companies, and TPAs. Serving over 180,000 U.S. companies and 5,000+ brokers across the country, Employee Navigator simplifies benefits management for businesses of all sizes.
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